In late September the Canadian dollar had done something that it had not done in 31 years. It closed at above par with the US dollar. This is due to a number of things in addition to the weak American dollar as record high prices for oil, wheat, uranium nickel, zinc and other commodities have currency speculators rushing to invest in the Canadian Loonie.
CBC.ca has a great review of the history of our dollar. Many analysts agree that the loft Canadian dollar will have to drop at some point, but for right now Canadian consumers are enjoying the ride. Especially since a number of retails have been exposed for having over inflated their prices. Have you checked out US vs, CDN price of purchasing a book or magazine? For years the average CDN price has been anywhere from 15-40% higher than the US price.
Wanting to Subscribe to Wired Magazine
Heck I wanted to subscribe to Wired magazine but the rate for 12 issues in Canada is $40.00. The US rate is 12 issues for $10.00. (or 24 issues for $20). Shipping costs aside, would someone at Wired care to explain why the cost for Canadians is four times that of our friends to the south? Frankly I would like a free one year subscription to Wired just for pointing this out to them. With all of that extra revenue that they are making from my fellow Canadians I'm sure that they could afford it. If I hear back from anyone from Wired, I'll do a follow up post. Don't hold your breath.
Labels: canadian dollar, wired magazine